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Updated almost 14 years ago on . Most recent reply

User Stats

30
Posts
3
Votes
B R
  • SFR Investor
  • Cleveland, OH
3
Votes |
30
Posts

How to write lease for unmarried couples?

B R
  • SFR Investor
  • Cleveland, OH
Posted

85% of the showings of our 4br SFH have been to unmarried couples, where the male makes most of the income.

How do you treat this situation in your leases? Do they both need to earn 3X the rent in income in order to qualify? What if one half of the couple qualifies and the other doesn't?

I can see these boyfriend/girlfriend things going badly just like any other roommate situation, with one tenant moving out and leaving the weaker one behind.

Thoughts?

Most Popular Reply

User Stats

36
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25
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Angelo Russo
  • Real Estate Attorney
  • Fairview Park, OH
25
Votes |
36
Posts
Angelo Russo
  • Real Estate Attorney
  • Fairview Park, OH
Replied

Put them both on the lease. if they break up, it's not your issue and you can collect against whichever one you want. You are not limited to who stays in the house. Put as many people on the hook to you as you can.

As for the 3x rent, use your own judgment. I would rent to them, and have in the past. I had a 72 suiter and a rented place is always better then an empty one.

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